Surface Transforms Share Discussion Threads

[graham1ty] 07/5/2019 10:25

PUG, very little stock on offer however. I cannot get a quote in 50,000

[pugugly] 07/5/2019 09:54

Trading today as of time of post suggests major iceberg dump as indicated buys far exceed posted sales - Guesses as to how much and at what price?

[toffeeman] 07/5/2019 09:22

Spread on IG makes this untradeable ATM

[graham1ty] 07/5/2019 09:11

Buywell, he did buy back. On the same day. It was a Bed and ISA for him and his wife.

Richard remains absolutely committed to SCE. He has been the biggest loser today, but am sure will stick with SCE

[buywell2] 07/5/2019 08:56

12p chart support gone today and the ma's are shot to hell

And I am being honest when I look at the header when I say this company has been a serial cash raiser

Next support on the chart is 7.25p as I am sure you guys have noted

Jam tomorrow is common fare in many AIM companies , many here sound like you have had a belly full


a crumb of comfort

Mr Richard Douglas Gledhill
09/05/2018 | Sale
1,800,000
16.23
292,140.00

11,631,753
9.45%



Perhaps this gent will now buy back


Hope it works out for you
GLA

[buywell2] 07/5/2019 08:46

Germany manufacturing is having a bad time of it as the EU in general

Investing in anything at present car related just does not look too rosy even Tesla has bombed

[talkman2] 07/5/2019 08:12

The worrying thing is the company has still to deliver .

[bagpuss67] 07/5/2019 08:07

Unless it's a fund we may need later to put some more money in!

[bagpuss67] 07/5/2019 08:06

Looks like a slam dunk inside trade. Probably easy pickings if you reported it.

[albert_einstein] 07/5/2019 08:03

Hugely frustrating. The question for me is if these are genuinely just small delays or the Company is being strung along.

[graham1ty] 07/5/2019 08:02

Just looking at trades last week. The seller of 150,000 at 12.1p did well.......

Why are these trades never looked into ?

[graham1ty] 07/5/2019 08:01

Well, 8p bid......that will bring out some forced sellers

Damn

[graham1ty] 07/5/2019 07:53

It may depend whether they have had a chance to speak to their institutional placees. If they warned them last week, and all of the instos continue to back SCE, then the damage may be limited.

However, if it opens below 10p, and everyone who has taken stock for the last c5 years is out of the money, then some will jump ship.

[toffeeman] 07/5/2019 07:49

9p at open or a new low perhaps.

[longshanks] 07/5/2019 07:48

Not nice at all.

[talkman2] 07/5/2019 07:46

Trust must be almost gone in this company. An abysmal update .

[toffeeman] 07/5/2019 07:45

Compensation from OEM 6? Imagine the conversation!

[graham1ty] 07/5/2019 07:44

Oh, blast. Double blast.

[rivaldo] 07/5/2019 07:31

Yet more small delays across the OEMs. The crumbs are that "none of the delayed sales have been lost", and that cash resources are more than sufficient.

Long-suffering shareholders will cling on to the statement that OEM5 and OEM6 are expected "within the next few months". But patience is being severely tested!

[pugugly] 07/5/2019 07:24

Trading update not nice - however no gloss and tells it how it is - Worst case scenario possibly a 20%-25% mark down on opening - Trusting it will not be more.

[fillspectre] 03/5/2019 17:10

Balcony - a very good point and one I keep reminding myself of.
Other plus points are that as Kevin, CEO, said - carbon ceramic brakes are not a zero sum game. Aston Martin are using SCE to put brakes on the car that represents for them the current pinnacle of their achievement. A well respected F1 designer specified the SCE brake for the Aston Martin Valkyrie. Keonnigsegg cars are fitted out exclusively with carbon ceramic brakes from SCE. Many track racers are choosing to buy SCE retrofit kits. Possibly in Jan 2020 the long awaited contract for supplying the brake onto an American Military aircraft will land (pardon the pun) - a contract previously described by somebody very well informed as like an annuity. Longshanks and Graham are right the respectful way SCEs maintains silence on discussions with potential customers can only help to build trusting relationships in the long run.
I hope you followed up on your temptation and bought some - looks like half a dozen did - someone even getting away with buying at 12.795p - what a steal!!! Fils

[balcony] 03/5/2019 16:18

Also tempted to buy more.They have only just raised almost £2m at 15.5p per share.

[fillspectre] 03/5/2019 15:59

Graham
I have an unchanged position in SCE and have not given up yet. We seem to be surrounded on AIM by companies currently making zero profits yet plenty of speculative share price gain - even when those companies have had share price surges before and fizzled out thereby plenty of PIs with their fingers burnt in the past.
.
I understand the business SCE are in - they do actually have a quietly growing underlying business - the losses coming from increased capital expenditure and new customer R&D. Some of the companies undergoing speculative in-rushes of equity buying don't even have a commercial product on sale - just the hope of one.
.
If I was any braver I'd buy some more. I'd hate to see more dilution at these prices - I want to see a floor under these shares at 18p which would mean those of us who took part in the fund raise in 2016 would have least have our investment intact. Fils
.

[graham1ty] 03/5/2019 15:39

Fillspectre, I think the Company are exceptional at keeping us in touch.....but only when they can. The AGMs and presentations are as long, comprehensive and open as any company I know. There have been site visits in the past, and I am sure there will be more offered ( hopefully to see an OEM line churning out discs).

For the moment, progress with the OEMs is incredibly price sensitive and there is virtually nothing the company could say. Market rules mean they will have to tell us when there is news, and they must be as frustrated as we are.

I too am very nervous as time goes by. And a few are giving up ( and liquidity is so low that a few trades and it is down a penny.)

Some of us have waited a long time to get here, and may have to wait longer. However, if SCE is ever going to sign an OEM, it is as close as it has ever been.

Of course, none may sign, the R&D, investment etc may be for nothing. I sincerely hope not. But if anything does cross the line, I am sure we will know about it pretty pronto.

Now, David, you said you were sick of people asking you “is it Spring yet ?”. Soon it will be “when does Spring end ?”

[fillspectre] 03/5/2019 12:45

Longshanks - regards disagreement of my choice of words "tight lipped".
I take your point - SCE definitely keeps the confidence of potential customers - all to the good.
They don't however feel compelled to update us very frequently on the rate of the progress of the OEM cell 1 - they could also use such updates as opportunities to confirm more often that anonymised supplier negotiations are taking place as a reassurance through these long periods of no news. I feel an invitation for investors to visit the factory is starting to feel overdue.
It feels like both the Director and Senior Management share options and the two last issuances of share capital to Richard Sneller have benefitted from the weak news causing the share price to drift downwards. Getting nervous and despondent that the next RNS may put us in yet another holding pattern. Fils